$200 Capital One Checking Bonus

UPDATE: Some of our readers have written us asking if this promo can be redeemed online.  Unfortunately the answer is no.  The small print states that you must present the mailer to qualify.  We recommend you calling your nearest Capital One branch and ask them about the deal and see if they would except a print out.  Remember this deal is only available in CT, LA, NY, NJ & TX.

To get $200 for using direct deposit, simply visit your local branch to open your account. Bring the mail piece you received and mention promo code RC2!

Currently, this offer was only available to those who received the deal in the mail, but across multiple personal finance blogs and message boards consumers have indicated that Capital One branches have been excepting print outs from the promo site (link below).  At $200, this is a deal definitely worth checking out. You must mention the promo code RC2 along with a minimum opening deposit of $50.

click here to see the promo.

Some important details:
•    You must enroll in payroll/direct deposit within 90 days of account opening.
•    Qualifying individuals will receive a $200 credit to their checking account approximately 6-8 weeks after the first direct deposit.
•    Available in CT, LA, NY, NJ & TX